{"id":2110,"date":"2015-02-27T08:00:30","date_gmt":"2015-02-27T13:00:30","guid":{"rendered":"https:\/\/www.ulprospector.com\/knowledge\/?p=2110"},"modified":"2015-06-22T15:07:17","modified_gmt":"2015-06-22T20:07:17","slug":"pe-news-brief-reshoring-stirs-optimism-debate","status":"publish","type":"post","link":"https:\/\/ulprospector.ul.com\/2110\/pe-news-brief-reshoring-stirs-optimism-debate\/","title":{"rendered":"News Brief: Reshoring Stirs Optimism &#038; Debate"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-2119\" src=\"https:\/\/ulprospector.ul.com\/media\/2015\/02\/ReshoringSM.jpg\" alt=\"ReshoringSM\" width=\"401\" height=\"400\" srcset=\"https:\/\/ulprospector.ul.com\/wp-content\/uploads\/2015\/02\/ReshoringSM.jpg 401w, https:\/\/ulprospector.ul.com\/wp-content\/uploads\/2015\/02\/ReshoringSM-150x150.jpg 150w, https:\/\/ulprospector.ul.com\/wp-content\/uploads\/2015\/02\/ReshoringSM-300x300.jpg 300w, https:\/\/ulprospector.ul.com\/wp-content\/uploads\/2015\/02\/ReshoringSM-30x30.jpg 30w, https:\/\/ulprospector.ul.com\/wp-content\/uploads\/2015\/02\/ReshoringSM-60x60.jpg 60w, https:\/\/ulprospector.ul.com\/wp-content\/uploads\/2015\/02\/ReshoringSM-90x90.jpg 90w\" sizes=\"(max-width: 401px) 100vw, 401px\" \/>Reshoring, or bringing manufacturing back to a company\u2019s home country from overseas, is making headlines for manufacturing worldwide. While U.S. and U.K. news sources are optimistic about the benefits to their respective economies, some sources aren\u2019t so sure reshoring is living up to the hype. And with so much discussion around the topic in the manufacturing sector as a whole, the Industrial Designers Society of America has chosen to cover the topic at its South conference, which will be co-located with <a href=\"http:\/\/www.npe.org\/exhibitors\/exhibit-2015\" target=\"_blank\">NPE<\/a> in March.<\/p>\n<h4><strong>News\u00a0Drill Down<\/strong><\/h4>\n<ul>\n<li>According to an article from RubberNews.com, estimates for the number of jobs reshored in the U.S. in 2013 were even with the number sent offshore \u2013 a major improvement from 2003. \u201cReshoring has helped stop the bleeding,\u201d says the online news source.<\/li>\n<\/ul>\n<ul>\n<li>SupplyManagement.com references a report from EY that posits the aerospace, defense and automotive industries are the top candidates for reaping the benefits of reshoring in the U.K. The report further breaks down the regions that would see the most growth, with the North West gaining an extra \u00a32.4 billion GDP over the next 10 years.<\/li>\n<\/ul>\n<ul>\n<li>While the optimism surrounding reshoring abounds, a Cerasis.com blogger uses data from the U.S. Census Bureau and manufacturing employment data to conclude that \u201crecovered jobs result from factories returning to full production capacity as aggregate demand recovers, not from new manufacturing projects flocking to our shores.\u201d<\/li>\n<\/ul>\n<ul>\n<li>A recent entry on the ProcurementLeaders.com blog outlines similar dissention from the prevaling optimism, saying that while there have been several cases of successful reshoring by big companies in the U.S., the data doesn\u2019t \u201cshow the wider trends, nor does it provide us with information about the rate at which manufacturers are continuing to offshore production.\u201d<\/li>\n<\/ul>\n<ul>\n<li>The IDSA\u2019s Southern district is planning to cover the topic in depth at its \u201cHome Cooking: Designing, Manufacturing and Sourcing in the USA\u201d event, which will run concurrently with NPE. The event will involve presentations by speakers from large and small companies that have engaged in reshoring their manufacturing operations.<\/li>\n<\/ul>\n<h4><strong>Reading List<\/strong><\/h4>\n<p>RubberNews.com: <a href=\"http:\/\/www.rubbernews.com\/article\/20150212\/NEWS\/302099973\/reshoring-has-helped-to-fuel-rebound-in-u-s-manufacturing\">Reshoring has helped to fuel rebound in U.S. manufacturing<\/a><\/p>\n<p>SupplyManagement.com: <a href=\"http:\/\/www.supplymanagement.com\/news\/2015\/reshoring-could-add-ps15-billion-to-uk-economy\">Reshoring could add \u00a315 billion to UK economy<\/a><\/p>\n<p>Cerasis.com: <a href=\"http:\/\/cerasis.com\/2014\/12\/12\/reshoring-optimism-much-else\/?utm_source=linkedin&amp;utm_medium=social&amp;utm_content=Oktopost-linkedin-group&amp;utm_campaign=Oktopost-Cerasis+#2\">Reshoring Optimism, But Not Much Else<\/a><\/p>\n<p>ProcurementLeaders.com: <a href=\"http:\/\/www.procurementleaders.com\/blog\/my-blog--jonathan-webb\/2015\/02\/24\/if-reshoring-is-so-great-how-come-no-one-is-doing-it-\">If Reshoring Is So Great, How Come No-one Is Doing It?<\/a><\/p>\n<p>IDSA.org: <a href=\"http:\/\/www.idsa.org\/events\/district\/2015-south-district-conference\">2015 South Conference<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reshoring, or bringing manufacturing back to a company\u2019s home country from overseas, is making headlines for manufacturing worldwide. While U.S. and U.K. news sources are optimistic about the benefits to their respective economies, some sources aren\u2019t so sure reshoring is &hellip; <a href=\"https:\/\/ulprospector.ul.com\/2110\/pe-news-brief-reshoring-stirs-optimism-debate\/\">Continued<\/a><\/p>\n","protected":false},"author":20,"featured_media":2118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[21],"tags":[],"ppma_author":[1237],"class_list":{"0":"post-2110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-plastics-2","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>News Brief: Reshoring Stirs Optimism &amp; Debate<\/title>\n<meta name=\"description\" content=\"Predictions for economic benefits from reshoring are spurring optimism in the US and UK. 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